BEDS2
BATHS1 full
SQUARE FEET816
MLS#MDBA2199888
STATUSACTIVE
PROPERTY TYPEResidential - Single Family
SUBDIVISIONMORELL PARK
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
**11 SFR Portfolio in Baltimore / 130,000 per property** This 11 Single Family Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential. The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion. Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Cooling: Central A/C
Fuel Type: Natural Gas Available
Heating: Forced Air
Stories: 2.0
Taxes: $1,614
Year Built: 1895
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Interior: Combination Kitchen/Dining
Municipality: Baltimore City
Sewer: Public Sewer
SQFT Above Finished: 816
SQFT Total Finished: 816
Structure Type: Twin/Semi-Detached
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Midfield Realty
Agency Phone: 4104985408
Shown By
Agent Name: The Ferguson Group
Agent Phone: (240) 731-8935
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 3,734.14 per month $3,182.56 Principal & Interest $134.50 Property Tax $417.08 Homeowner's Insurance
2305 Herkimer Street | MLS# MDBA2199888
This single family home located at 2305 Herkimer Street, Baltimore, MD 21230 is currently listed for sale with an asking price of $1,430,000. This property was built in 1895 and has 2 bedrooms and 1 full baths with 816 sq. ft. Herkimer Street is located in the MORELL PARK subdivision within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search MORELL PARK real estate on www.thefergusongroup.co today.